To meet his burden of proof under IRC 7491, the taxpayer must comply with the recordkeeping requirements of the regulations.

You will be able to use those disallowed passive losses: -Against other passive income -If this rental has net income in a later year these disallowed losses will offset that income-When you sell a rental those carried over disallowed losses offset the gains on sale Other situations you hear about where people CAN use the rental losses to reduce W2 income are where the rentals qualify to be Non-Passive This typically happens in the following two situations: Real Estate Professional Status- A taxpayer or their spouse spends at least 750 during the year on real estate- and more time on it than anything else.

Your payments are $35,000 a month plus 34 property tax payments, 34 insurance payments and repairs and replacements on 34 properties per month.

Yes really hoping it's no.3 in my scenario but if it's 2 that would be really bad and even in 1 you are paying lots of tax payments upfront and you would have to depreciate the increased cost basis over 27.5yrs so would not be ideal.

It comes from IRS Publications which are, of course, not binding on the IRS or the taxpayers or the courts.

Paying that 10% penalty on early withdrawals (if under 59 ½) sure... but then avoiding things like ongoing 990-T filing costs, UBIT on leveraged real estate and self-directed IRA custodial fees.Example: A taxpayer takes $50,000 from an IRA to fund a down payment.

What typically happens with the cost few bonus depreciation is few if any taxpayers can use up the losses and so they are carried forward until the taxpayer can - typically upon sale. 

@Elizabeth Scala, The IRS requires that the taxpayer for the new property must be the same as the taxpayer for the old property.  

He mocks people with disabilities, and is sarcastic about taxpayers.

If you want to do it yourself manually know that preforeclosures in MO  are initiated via publishing notices so find where they are posted (which online publications ) and extract the lead from them, confirm address by tax payments/appraiser and  skiptrace.